The last is yet to be heard about the Economic and Financial Crimes Commission and the sacked Oceanic Bank CEO, Mrs. Cecelia Ibru in respect of the charges preferred against her ranging from money laundering and fraudulent conversion of depositors’ funds for selfish aggrandizement. With current emerging facts, the assets already traced to her are in the region of trillions of Naira huhuonline.com gathered.Ibru proxy Companies & Dealings
NEWinfoCity.com learnt that EFCC is currently working hard to link some missing funds to the vast properties traced to the former bank boss, some of which are in shares, bought by proxies and companies traced to her fraudulently. Ibru family has floated several companies that bought heavy shares in blue chip businesses, including her former bank. Such companies include Cloudy Heights, Bliss Bloss and Circular Global which she used to acquire over 275 million shares in First Bank Nigeria Plc (275,795,139). The companies also bought over 64 million shares in Union Bank of Nigeria (64, 218,000); over 93 million shares in the United Bank for Africa (93,750,000); while in her bank, Oceanic Bank Plc, the companies went over the billion shares mark (1,076,220,421). Another asset traced to her possession is, Velvox, bought over 13 million shares in Oando (13, 200,000) and other shares put at 388 million. Yet another company, Enifor, bought 600 million shares in BGL Plc.The list continues. Yet another compnay believed to be owned by her, Prisky Gold bought 48.8 million shares in Access Bank Plc, over eight million (8,140,500) in Dangote Flour, over 12 million (12,480,000) in Dangote Sugar Refinery and 12.5 million in Fidelity Bank. The others by Prisky Gold are over 27 million shares (27,434,791) in First Bank; more than 25 million (25,316,400) in Japaul Oil; 10, 280,000 in Zenith Bank, 200 million shares in Transcorp Plc. Her Africa Lloyd bought another set of shares well above 400 million (431,201,702) in her Oceanic Bank. Cecilia bid to buy up a street
On her offshore properties, investigations amazingly showed that for any property to stand a chance of attracting her attention it must be in the average of $400,000. The ones currently discovered in Maryland, U.S.A. include 4155 Chariot Way, Upper Marlboro, bought for $452,508,00 on March 12, 2009 with the name Anita Dasilva Ibru; 4145 on the same Chariot Way for $440,105.00 also by Anita Dasilva Ibru a month after (April 14, 2009). The list also includes the property on 4139 on the same Chariot Way, bought with the name Edesiri Onatejerohene Ibru on April 21, 2009 for $451,629.00. Three more houses have been traced to her on Chariot Way. They are 4149 bought in the names of Obaro and Hirut Ibru for $473,657.00 also on April 21, 2009; 4141, bought for $441, 790 in the names of Cecilia Ibru on April 13, 2009; and 4143, also in her names, again on April 13, 2009, for $439,362.00. It may therefore not be an overstatement to say that she owns almost the entire stretch of Chariot Way. Four others bought in the names of Janet Ibru are on Upper Malboro, they are House Number 14605 on Hawley Lane, Upper Malboro, Maryland, which was bought for $399,990.00.00 on July 22, 2008 and the property on Number 14630 also on Hawley Lane, which was acquired for $460,703.00 on May 17, 2008. The rest are House number 14721 on Argos Place, also in Upper Malboro, bought on October 28, 2008 for $457,950.00; 14719, again on Argos Place, bought for $451,840.00 on November 26, 2008 and the one one 11300 Dappled Grey Way, also on Upper Malboro, acquired by Cecilia Ibru on October 7, 2008 for $987,949.00.
It would be recalled in December 2009, some buildings were reported to be owned by Cecelia Ibru in far away Middle-East, Dubai. Mrs. Cecilia Ibru, was reported to lose 28 properties in Dubai, to the anti-graft agency, EFCC over alleged financial impropriety. A source close to the EFCC informed that the agency was able to trace the properties located at the Al Warsan region of Dubai, along the Dubai-Hatta Road, between Interchange 5 and 6 of Emirates Road, Opposite the Dubai Central Fruit and Vegetable Market. The anti graft agency has consistently vowed to mount surveillance on Mrs. Ibru who in November won a legal battle to travel abroad and has been accordingly advised to return to the country and appear in court on 26 January, 2010.
However, in this concerted efforts against graft and in the rejuvenation of the Nigerian money market from collapse from the hands of greedy individuals, Governor of Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, sometime in an interview with Financial Times of London, accused Mrs. Ibru of contributing immensely to the problems of the bank. Sanusi disclosed that Mrs. Ibru and members of her family cornered about 70 per cent of the total loans the bank granted to customers, before her removal from office. He added that Mrs. Ibru and her family obtained loans from Oceanic Bank to purchase property in Lagos Island, Ikoyi, Victoria Island, Abuja, Port Harcourt and Dubai.
“About 70 per cent of the loan in the bank is non accrual. At least, 70 per cent of that is somehow or other tied to the Chief Executive Officer or her family,” Sanusi said.
Sanusi said the EFCC was mandated to go after the properties and assets acquired by the former bank CEO, adding that the EFCC was cooperating with the CBN in locating the properties and assets which will be forfeited to the government. Mrs. Ibru, 63, and four other banks chief executives were sacked by the CBN on 14 August, 2009 when the five banks failed the audit exercise conducted by the apex bank.